[Manny Varela]

As a Systems Security Officer, why is risk management important?  Be sure to address the importance of protecting assets, measuring the threat to those assets, and how the controls address the level of risk.

Use at least three of the terms discussed in this chapter in your response.  Use the text and examples from the video in your response.

[Kanthony]

Welcome to Week 1 Day 1!

I will post announcements here and in Mile 2.  

Please be sure to read and use the Weekly Work Schedule to know what you have to do each week.  

Below is what is due week 1.  Be sure to have all work completed in Mile 2 by May 26.  

Email me with any questions.  Most importantly, remember to pray.  God wants us to talk to Him.  Have a great week!  ~Kim Anthony

Preparation:

• Take the ISSO Practice Quiz.

• Watch lessons 1 through 4 videos.

• Review corresponding E-Book lessons.

Discuss:

• Week 1 Discussion Questions

Submit your initial post to discussions forums by day 4 of the week, midnight (Eastern Time). See the discussion forum rubric in your syllabus as to requirements for posting, including replies to fellow students.

• Week 1 Devotional

As to the devotional, the initial post is due by day 7 at midnight EST. Replies to fellow students encouraged but not required.

Submit:

• Practice Quiz as a pre-test.

• End of Chapter quizzes 1 through 4.

[Amy Hastings]

Risk management is very important for a systems security officer because it helps a lot of different ways such as helping to find threats within the system like the businesses’ information. Risk management is also used as a protection system, as well as a way to find any weaknesses that may be in the system. These reasons and many other is why it is so important for a systems security officer to have within their workspace or business. The risk management is also used to help or to keep any type of threat away before it actually happens, it solves or locates them in time to keep them from causing any damages and this is also called asset protection. Asset protection though is to protect your business or organizations more “physical properties”.

[Ashly Jackson]

Risk management is crucial for a Systems Security Officer for several reasons. Firstly, protecting assets—whether they are data, hardware, or intellectual property—is essential to maintain the integrity and reputation of an organization. Assets are vulnerable to various threats, including cyber-attacks, unauthorized access, and data breaches. By identifying and understanding these threats, security officers can prioritize which assets need the most protection.

Measuring the threat against these assets involves assessing their potential impact on the organization. This includes evaluating the likelihood of different threat scenarios and their consequences, allowing for a tailored approach to risk management. By implementing appropriate security controls, such as access management and encryption, the level of risk can be effectively mitigated.

Additionally, employing terms like vulnerability, threat, and risk appetite helps clarify the relationship between potential risk factors and the safeguards in place. A systematic risk assessment informs the development and implementation of robust security protocols, ensuring the organization remains resilient in the face of ever-evolving threats. Overall, a proactive risk management strategy is pivotal in safeguarding assets and maintaining operational continuity.

[Joseph Doss]

Risk management is important, especially for large enterprises where uptime means everything. The longer an asset is down the more it cost the company (speaking computers and servers) there is also risks to not only physical devices and the data within, but non physical “assets” such as reputation or consumer trust. It is important for a company to figure the value of an asset to determine how much time/energy/money should be dedicated to protecting each asset. Also taking into account the likelihood or frequency of damage/loss/downtime of each asset. A company does not to place more money or time into protecting an asset than its value, and should also avoid putting to much in protecting a asset that would likely cause little issue, so determining that Information and building a plan (and sticking to it) is very important. However, some assets are difficult to place values such as reputation and customer trust as mentioned earlier.

[Ashly Jackson]

Risk management is crucial for large enterprises, where uptime is essential. The longer an asset, like a server or computer, remains down, the greater the cost to the company. Beyond physical devices, there are also risks to non-physical assets such as reputation and consumer trust. Companies must assess the value of each asset to allocate appropriate resources for protection. This includes considering the likelihood of damage, loss, or downtime. It’s vital not to over-invest in safeguarding an asset that holds little value, nor should companies neglect those that are more critical. Developing a clear plan for risk management and adhering to it is key. However, quantifying assets like reputation and customer trust can be challenging, making this assessment process all the more important.

[Author]

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